Quarterly ResultJul 31, 2026, 04:25 PM
DTE Gas Q2 Net Loss $(4)M; Secures $1.6B DOE Loan for Infrastructure
AI Summary
DTE Energy's subsidiary, DTE Gas Company, reported a net loss of $(4) million for the second quarter ended June 30, 2026, compared to a net income of $6 million in the prior year quarter, on operating revenues of $311 million. Despite the quarterly loss, the company secured a $1.6 billion loan from the U.S. Department of Energy in June 2026 to support natural gas infrastructure modernization. DTE Gas also has a pending rate case with the MPSC, filed in November 2025, requesting a $163 million increase in base rates.
Key Highlights
- DTE Gas reported a Q2 2026 net loss of $(4) million, compared to $6 million net income in Q2 2025.
- Q2 2026 operating revenues were $311 million, a slight decrease from $313 million in Q2 2025.
- For the six months ended June 30, 2026, net income was $205 million, down from $211 million.
- DTE Gas secured a $1.6 billion loan from the U.S. Department of Energy for infrastructure modernization.
- The company filed a rate case in Nov 2025 seeking a $163 million increase in base rates.
- Total assets increased to $8,998 million as of June 30, 2026, from $8,905 million at Dec 31, 2025.
Price Impact
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